The nation's community banks are joining credit unions in appealing to Congress to provide regulatory relief for small financial institutions.
The letter follows on the heels of a letter CFPB Director Richard Cordray sent to senators who had requested that the agency do a better job of tailoring rules for small financial institutions. In that letter, Cordray said the agency already does an effective job in that area.
He cited several regulations in his response, as well as the advisory boards the CFPB uses to gain input from credit unions and others.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
